Thailand’s automobile exports last month reached their highest figure ever at more than 103,000 units, the highest since the country began producing vehicles for export in 1988.

Federation of Thai Industries (FTI) automotive industry group spokesman Surapong Paisitpattanapong said that the total of 103,065 units was a 17-percent increase year-on-year and a 24-percent increase from July this year. The auto export value in August reached Bt47.9 billion, or a 12-percent growth year-on-year.

According to Surapong, the export value for automobiles, engines and spare parts reached Bt68.6 billion, a growth of 12 percent from the same period last year.

Thailand exported 720,141 cars from January through August this year, counting for 97 percent of car production for export, a 12-percent increase year-on-year, with an export value at Bt328.4 billion, or an increase of 7 percent.

In August alone, 193,074 vehicle units were produced, a decrease of 9.9 percent year-on-year, while the production figure in the first eight months reached over 1.7 million units, an increase of 16.4 percent compared to same period last year.

BANGKOK, Sept 24 – The Thai government is stimulating its “Shopping Paradise” tourism campaign with a planned reduction of taxes on luxury goods from 30 per cent to 5 per cent, a senior Finance Ministry official said today.

BANGKOK, Sept 25 – Residents in 27 communities in 13 Bangkok districts have been warned to be on alert for flooding as the Chao Phraya River is rising.

BANGKOK, Sept 25 – Prime Minister Yingluck Shinawatra hailed her government for conforming to its policy on strengthening Thailand’s economy, improving the country’s competitive edge and focusing on the plight of low income people.

AYUTTHAYA, Sept 25 – The developer of the Saha Rattana Nakhon industrial estate in this old capital, 80 km north of Bangkok, is confident that the complex will not be flooded this year.

BANGKOK, Sept 24 – A group of 52 senators today launched a move to impeach Senate Speaker Nikom Wairachpanich on charges of dishonesty, abusing power, and breaching the code of conduct.

Wednesday, 25 September 2013 13:16

Authorities considering BRN demands: Army Chief

BANGKOK, Sept 24 -- Thai authorities are still considering the 5-point demands made by the Barisan Revolusi Nasional (BRN) militant group but if there was no conclusion yet, the issue should be later aired at the peace dialogue, according to Thai Army commander-in-chief Gen Prayuth Chan-ocha.

BANGKOK, Sept 23 – The United States International Trade Commission (USITC) has ruled that subsidies for frozen warmwater shrimp from China, India, Malaysia, Vietnam and Ecuador have not materially injured the US industry, a senior Thai Commerce Ministry official said today.

Tuesday, 24 September 2013 15:01

Thailand enjoys robust condominium market

BANGKOK, Sept 23 - The booming condominium business will see nearly one million new units rise up countrywide with three-fourths of them in Bangkok and its outskirts, according to a survey by Kasikorn

BANGKOK, Sept 23 - Thailand must speed up its exports given disappointing growth at only 1 per cent in the first eight months of this year and a predicted failure to achieve the projected 7-7.5 per cent growth for the entire year, Deputy Prime Minister/Commerce Minister Niwatthamrong Boonsongpaisarn said today.